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All-in-all 2016 is set to be far from a stellar year for the BRICs. China’s troubles are sending shockwaves around the world; both Russia and Brazil are stuck in recession. India will be the group’s standout performer, and indeed will be the world’s fastest-growing, large emerging economy. All four need focus on an agenda for structural reform this year in order to ensure sustainable growth in the medium to long-term.

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